Airwallex has partnered with open banking platform Plaid. The agreement will see Airwallex offer an integrated solution for Automated Clearing House (ACH) payments. Airwallex said this will enable a more seamless and cost-efficient way to authorize debits from bank accounts into Airwallex accounts. Users will be able to verify bank accounts in the US instantly.
Based in Australia, Airwallex is a payments and banking infrastructure provider that operates globally.
Ravi Adusumilli, Global Head of Partnerships and General Manager, Americas at Airwallex.
“We are excited to be partnering with Plaid, and to be able to offer a flexible, secure and transparent payment option for our joint customers in the U.S. Through this integration, customers can authenticate the payers’ bank accounts without the complexity and time that usually comes with traditional ACH processing. Enabling a more seamless customer experience like we are with Plaid is exactly why Airwallex was built. We are providing easier access to a global financial infrastructure, and can in turn, empower businesses to operate anytime, anywhere.”
Tamara Romanek, Head of Partnerships at Plaid, said that digital financial services are enabling faster, easier, and more secure ways to move funds:
“Partners like Airwallex ensure that customers have a seamless and safer way to make ACH transfers for account funding.”